Despite slowdown warnings from both the global chip players and the industry research firms, the few key SGX-listed semiconductor plays such as AEM Holdings, UMS Holdings and Frencken Group have not only reported earnings growth, they have also given pretty positive outlooks.The share prices of AEM ...

Analysts are mixed on Frencken Group’s (Frencken) outlook following the release of its 1HFY2022 results.CGS-CIMB Research’s William Tng and UOB Kay Hian’s John Cheong maintained their “add” and “buy” calls respectively, with Tng raising his target price (TP) slightly to $1.75 from $1.7...

RHB on Tuesday (Aug 16) downgraded its call on integrated manufacturer Frencken Group from “buy” to “neutral”, with the company expected to remain under pressure for the rest of 2022.

INTEGRATED technology solutions provider Frencken Group on Thursday (Aug 11) announced earnings of S$26.1 million for the first half ended June, down 16.6 per cent from S$31.3 million in the same period last year.

CGS-CIMB Research analyst William Tng has maintained his “overweight” call on the tech manufacturing sector, handing “add” calls to all the companies under the brokerage’s coverage.The companies are AEM, Grand Venture Technology and Venture Corp, which are given target prices of $6.85, $1....

UOB Kay Hian has added Sembcorp Industries and BRC Asia to its alpha picks portfolio for the month of August.The team’s portfolio outperformed the Straits Times Index (STI) in July, increasing by 5.4% on a market cap weighted basis versus the market’s 3.5% increase.Six stocks in UOB Kay Hian’s...

Analysts from RHB Group Research and UOB Kay Hian are keeping their “overweight” call on the Singapore technology sector.To RHB analyst Jarick Seet, his call comes despite potential headwinds such as rising operational costs that may erode margins and amid a potential slowdown in the semiconduct...

CGS-CIMB’s William Tng has maintained his “add” rating on Frencken Group, although he has cut his target price on the stock to $1.72 from $1.77.In a July 4 note, Tng points out that in its 1QFY2022 ended March, Frencken’s gross profit margin and net profit margin stood at 15.4% and 6.5% resp...

RHB Group Research analyst Jarick Seet has upgraded Frencken to “buy” with an unchanged target price of $1.24 on attractive valuations.“Over the past month, Frencken has corrected [around] 20% and is now trading at just 8.5x FY2022 P/E, an attractive valuation, which we consider represents a g...

RHB on Tuesday (Jun 21) bumped its rating on Frencken Group back up to “buy” from “neutral”, after it was trading at an “attractive valuation”, which RHB analyst Jarick Seet said represents a good entry for a long-term investment.

Maintaining the barbell approach recommended by analysts is proving heavy this year.Singapore investors not only have to contend with new waves of Covid-19 in July, as warned by health minister Ong Ye Kung, but also consider a host of worries abroad.RHB Group Research analyst Shekhar Jaiswal lists t...

UOB Kay Hian has added Frencken and Lendlease Global Commercial REIT (LREIT) to its alpha picks portfolio for the month of June.The team’s portfolio fell 2.9% m-o-m in May, but still outperformed the benchmark Straits Times Index (STI)’s 3.7% m-o-m decline.“Key stocks that outperformed for us ...

David Loh Kim Kang, executive director and joint chairman of Centurion Corp, has increased his stake in the operator of workers and students’ accommodation. On May 23, Loh acquired 1.5 million shares for 35 cents each on the open market. In a separate filing, Loh was shown to have bought another 1...

Analysts from DBS Group Research and RHB group Research have cut their ratings on Frenken Group to “hold” from “buy” and slashed their target prices sharply.DBS’s Ling Lee Keng cut its target price from $2.09 to $1.36, while RHB’s Jarick Seet made a deeper cut from $2.10 to $1.24.Ling sa...

FOR the 5 trading sessions that spanned May 13 to 19, the Straits Times Index (STI) gained 0.8 per cent, with the FTSE China A50 Index adding 0.2 per cent, the Hang Seng Index gaining 2.5 per cent and the FTSE Bursa Malaysia KLCI declining 1.0 per cent.